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Financial Highlight

Sony Assurance

Highlights of Operating Performance for FY2018 (fiscal year ended Mar. 31, 2019)

  • Both ordinary revenues and ordinary profit increased year on year. Sony Assurance reached record high in both ordinary revenues and ordinary profit.
  • Net premiums written increased due to stable sales of automobile insurance.
  • Earned/Incurred (E.I.) loss ratio was up due to natural disaster.
  • Net expense ratio was down due mainly to a decrease in system-related expenses.
  • Net Premiums Written
  • Underwriting Profit
  • Number of Policies in Force
  • Combined Ratio
2015 2016 2017 2018 2019
For the years ended March 31
Net premiums written (Billions of yen) 91.7 95.5 100.2 108.2 113.1
Underwriting profit (Billions of yen) 3.0 3.4 3.0 4.8 5.0
Adjusted ordinary profit (Billions of yen)** 7.1 7.6 8.1 10.0 10.5
Combined ratio***
(Net loss ratio + Net expense ratio)(%)
84.3 84.8 85.8 84.4 85.1

* Figures less than the indicated unit have been truncated while ratios have been rounded.

** Adjusted ordinary profit = Ordinary profit + Provision for catastrophe reserve

*** Net loss ratio = (Net losses paid + Loss adjustment expenses) / Net premium written
Net expense ratio = Expenses related to underwriting / Net premium written


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